Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

First Albany Raises Estimates for Google

Google (GOOG) posted $1.19 second-quarter (GAAP) earnings per share on a sharp revenue rise. First Albany raised estimates and kept a buy recommendation on the stock.

Analyst Jason Avilio says he thinks the market is disappointed by lower second-quarter margins and commentary on seasonality. He expects the company to make aggressive investment decisions; thus, margins may compress further, particularly in quarters when revenue growth slows. He views this investment decision as prudent, given its growth opportunity. He also notes that seasonality is no surprise, particularly in Europe.

Avilio says he would be a buyer of Google shares on weakness, as he believes the company's accelerating revenue growth and strong profit metrics make it the stock to own in the second half of 2005.

He increased his $5.33 2005 EPS estimate to $5.50, and $6.22 for 2006 to $7.43.

blog comments powered by Disqus